Great frauds in history: Jean-Pierre van Rossem's money-making machine

Jean-Pierre van Rossem told investors he had a supercomputer able to make money by predicting market movements. He didn't.

Belgian Jean-Pierre van Rossem (born 1945) was a star economics student at the University of Ghent, making money on the side writing other students’ dissertations. He became a Marxist, then won a scholarship to study under Lawrence Klein, a Nobel Prize-winner who pioneered the use of computers to predict market fluctuations. Van Rossem later started his own company in the US, but went bankrupt financing a heroin habit and served time for fraud.

Upon release he returned to ...
source: Money Week

2020-06-03 11:50
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